---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-22-000158"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2022-09-26T23:59:59+00:00"
generated_at: "2026-06-23T07:35:12.333893+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Progress appoints YuFan Stephanie Wang as Chief Legal Officer; predecessor on disability leave

## Summary
- Effective Sep 20, 2022, Wang succeeds Stephen H. Faberman as EVP, Chief Legal Officer & Secretary.
- Wang, age 40, joined Progress in May 2022; previously SVP & Deputy CLO at W. P. Carey (NYSE:WPC).
- Faberman is on disability leave, remains a non-executive employee; departure not due to any disagreement.
- Wang's compensation remains unchanged: annual base salary, bonus plan, and equity grants.

## SEC filing metadata
- accession: 0000876167-22-000158
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2022-09-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616722000158/0000876167-22-000158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616722000158/prgs-20220920.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-22-000158
- JSON: https://secwatch.observer/filing/0000876167-22-000158.json
- Plain text: https://secwatch.observer/filing/0000876167-22-000158.txt

## Key facts
- Executive change
  YuFan Stephanie Wang was appointed as Executive Vice President, Chief Legal Officer and Secretary at PROGRESS SOFTWARE CORP /MA.
  - Action: promoted
  - Role: Executive Vice President, Chief Legal Officer and Secretary
  source text: Effective as of September 20, 2022, Progress Software Corporation (the “Company”) promoted Ms. YuFan Stephanie Wang to succeed Mr. Stephen H. Faberman as Executive Vice President, Chief Legal Officer and Secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616722000158/0000876167-22-000158-index.htm
- Executive change
  Stephen H. Faberman was removed as Executive Vice President, Chief Legal Officer and Secretary at PROGRESS SOFTWARE CORP /MA.
  - Action: removed
  - Role: Executive Vice President, Chief Legal Officer and Secretary
  source text: Mr. Faberman will continue to be employed with the company in a non-executive position and his removal from his executive position effective as of September 20, 2022 was not due to any disagreement with the Company or any matters relating to the Company’s operations or financial performance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616722000158/0000876167-22-000158-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.